Word: wool
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...with the private motorist the first to suffer from it. Some industries dependent on oil are making plans to convert to coal, which will in turn bring up the problem of getting more coal. Steet production and its offspring, shipbuilding, will soon feel the pinch. Supplies of tin, rubber, wool and tea, all normally shipped through Suez, will inevitably decline...
...political tradition of stability and freedom, full prosperity cannot be far away. We haven't noticed any special public or private favoring of trading with the Reds. If negotiations with Communist countries do prosper in a small way, it is mostly because the U.S. discriminatory tariffs against our wool prevent us from selling...
Throne of Skulls. Montevideans' cheerfulness reflected not only the coming of spring but their confident, year-round belief that democratic, Nebraska-sized Uruguay is the earth's closest imitation of paradise. Beneath the remaining layer of fat stored up during Uruguay's Korean war wool boom, the economy is ailing, but most Uruguayans remain complacently sure that the country is somehow bound to muddle through. That is why there are some thoughtful citizens who seriously believe that what Uruguay needs is a wakeup, shake-up type of crisis...
Tangled Web. Underpinning the welfare state are well-watered grasslands that, by the latest count, feed 22,954,230 sheep and 7,305,462 cattle-roughly ten animals for every man, woman and child in the country.* Wool, meat and hides, making up some 75% of Uruguay's exports, keep a country that is notably poor in mineral endowment near the top of Latin America's per-capita-income list. To subsidize the urban welfare state, the Montevideo-dominated national government takes a cut on every pound of wool, overtaxes the ranchers, forces them to sell beef cheap...
...land is beginning to tire. Since most ranch owners add no fertilizer to their soil and provide no feed for herds and flocks to supplement pasturage, the per-animal yield of meat or wool is less than it should be. Uruguay's basic economic need is a double agrarian reform: 1) an education program to teach ranchers how to conserve their soil and get a richer return from it, and 2) a shift of welfare-state burdens from the countryside to the cities. Instead, the politicos in Montevideo, hoping that forced-draft industrialization will eventually rescue the economy, have...